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Posted on: April 28, 2021

Restaurant Revitalization Fund Application Portal Information

SBA

The SBA has announced the opening of the Restaurant Revitalization Fund Application Portal for advance registration and application acceptance. 

Friday, April 30th - 9:00 a.m.

Portal opens at 9:00 a.m. for account creation restaurants.sba.gov

Monday, May 3, 2021 - 12:00 p.m.

Portal opens for applications at 12:00 p.m. restaurants.sba.gov

 

Priority Periods:

  • For the first 21 days that the program is open, the SBA will prioritize funding applications from businesses owned and controlled by women, veterans, and socially and economically disadvantaged individuals. All eligible applicants are encouraged to submit applications as soon as the portal opens. 
  • Following the 21 days, all eligible applications will be funded on a first-come, first-served basis.

Small Operator Funding Set-Asides:

  • Consistent with the legislation and the intent of Congress, the SBA continues to take steps to ensure the equitable distribution of relief, particularly for the smallest businesses, by creating a $9.5 billion set-aside
  • $5 billion for applicants with 2019 gross receipts of not more than $500,000
  • $4 billion is set aside for applicants with 2019 gross receipts from $500,001 to $1,500,000
  • $500 million for applicants with 2019 gross receipts not more than $50,000.

How to prepare for your application:

  • Review the official program guidance
  • Read the program guide
  • Prepare a paper version of the application
  • Make an appointment with your SBDC Business Advisor - Existing Clients
  • Request an appointment with a SBDC Business Advisor - New Clients (www.nysbdc.org) 
  • Attend a training event:

SBDC Restaurant Revitalization Fund Webinar:

On-Demand Viewing (Register Here

Virtual Training Webinars:

Tuesday, April 27, 2021 - 2:30 p.m. (Register Here

Wednesday, April 28, 2021 - 1:00 p.m. (Register Here

SBA Briefing on the Restaurant Revitalization Fund:

Wednesday, April 28, 2021 - 1:00 p.m. (Register Here)

If you would like assistance with any of the Covid-19 Relief Programs:

 

Existing Clients: 

Contact your business advisor to schedule an appointment. 

New Clients: 

Go to nysbdc.org, click on make an appointment and submit the form. Once we receive the form, a business advisor will contact you to  schedule an appointment.